14 November 2025
14 November 2025
In 2022, Repsol agreed to sell a 25% stake in its upstream unit to EIG in a transaction that valued the division at $19bn (€16.36bn) including debt.
The company’s year-to-date net income stood at $3.99bn (Dh14.65bn), a 10% increase over the previous year.
DeepOcean’s contract covers preparatory subsea work such as isolation pig tracking, removal of pipeline coatings and cutting operations.
The awarded blocks are Bin Qasim South, Behr Block, Gharo Creek, Keti Bandar, Kochi Creek, Offshore Deep D, Sapat Bandar and Zarrar Block.
The appraisal well, 7122/8-4 S, was drilled to a measured depth of 2,986m and a vertical depth of 2,793m.
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